In yesterday’s Wall Street session, Qurate Retail Inc (NASDAQ:QRTEA) shares traded at $0.85, up 10.40% from the previous session.
As of this writing, 2 analysts cover Qurate Retail Inc (NASDAQ:QRTEA). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $0.60 and a low of $0.50, we find $0.55. Given the previous closing price of $0.77, this indicates a potential downside of -28.57 percent. QRTEA stock price is now 51.52% away from the 50-day moving average and -8.17% away from the 200-day moving average. The market capitalization of the company currently stands at $331.18M.
There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.55 as their price target over the next twelve months.
With the price target reduced from $4 to $1.20, BofA Securities Downgraded its rating from Neutral to Underperform for Qurate Retail Inc (NASDAQ: QRTEA).
In other news, ROMRELL LARRY E, Director sold 1,204 shares of the company’s stock on Nov 08. The stock was sold for $34,383 at an average price of $28.56. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20, CAO/PFO Wendling Brian J sold 26,231 shares of the business’s stock. A total of $16,526 was realized by selling the stock at an average price of $0.63. This leaves the insider owning 40,000 shares of the company worth $34000.0. Insiders disposed of 225,995 shares of company stock worth roughly $0.19 million over the past 1 year. A total of 10.31% of the company’s stock is owned by insiders.
Monday morning saw Qurate Retail Inc (NASDAQ: QRTEA) opened at $0.7874. During the past 12 months, Qurate Retail Inc has had a low of $0.40 and a high of $2.84. As of last week, the company has a debt-to-equity ratio of 12.50, a current ratio of 1.42, and a quick ratio of 0.92. The fifty day moving average price for QRTEA is $0.5666 and a two-hundred day moving average price translates $0.9185 for the stock.
The latest earnings results from Qurate Retail Inc (NASDAQ: QRTEA) was released for Sep, 2023. According to the Internet Retail Company, earnings per share came in at $0.1, beating analysts’ expectations of $0.04 by 0.06. This compares to -$7.16 EPS in the same period last year. The net profit margin was 0.68% and return on equity was 18.67% for QRTEA. The company reported revenue of $2.48 billion for the quarter, compared to $2.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.66 percent. For the current quarter, analysts expect QRTEA to generate $3.27B in revenue.
